Re: CTBG Deploys World's Only Fully Rotating Well Fishing Tools - Ref. g06816

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SPRING, TX--(MARKET WIRE)-- Coil Tubing Technology, Inc. (CTBG) announces the 
delivery of the first group of 8 Rotating Tools to oil and gas well service 
companies operating in Mexico and Oklahoma. Designed for use in "fishing" 
applications utilizing 2" coiled tubing strings, these tools were delivered and 
"in the field" the week of May 1, 2006.strumae
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In addition, CTBG has received orders for ten (10) more of these 2 7/8" 
Rotating Tool units, plus five (5) 2 1/8" Rotating Tools, all of which are 
scheduled for delivery to customers before the end of the month of May. 
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CTBG offers the only fully rotating tool for well fishing applications," stated 
Jerry Swinford, President of Coil Tubing Technology, Inc. "Other tools in the 
marketplace only 'index' or 'turn' in 90 degree increments without fully 
rotating, which is an inefficient means of latching a fish. We are delighted by 
the overwhelming response from customers regarding the capabilities of these 
tools." discourteously
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The Rotating Tool is a device that attaches to the end of a coiled tube to 
assist with "latching a fish," or removing production kits or undesired 
obstructions from the well by introducing rotation under mechanical pressure. 
The design and action of the tool is similar to a "Yankee screwdriver." If, for 
example, during normal operations, a piece of coiled tube is broken off and 
remains lodged in the wellbore, it can be difficult to get the new coiled 
tubing line past the obstruction. By introducing rotation to the "overshot," or 
latching mechanism at the end of the tool, obstructions can be cleared without 
the need to manually work the tool through the well head. ancylose
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Coil Tubing Technology was established in 1998 by an innovative founder that 
has over thirty years experience in the design of oil-field tools in general 
and fifteen years of experience in the design of proprietary tools for the 
coiled tubing industry in particular. With more than fifteen patents either 
granted or pending, CTT is the leader in providing new technology to the coiled 
tubing industry. CTT has become a one stop rental tool company supplying a full 
line of standard as well as propietary coiled tubing downhole tools. papilliform
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COILED TUBING DRILLING TOOLS  intuitiveness
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The Jet Motor maximizes torque and RPM combinations. This motor has the 
capability to establish bit hydraulics. The long life bearing package allows 
the tool to stay in the hole longer than average. It can be jarred without 
damaging the tool which is ideal for drilling through shale. The Jet Motor has 
been used successfully with MWD and steering tools in drilling applications. 
The nitrogen power source permits underbalanced drilling.  timeliest
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The Pulsator allows the weight on the bit to be maximized without stalling the 
motor as the torsional and axial torque are retained within the tool. The 
maximum tensible strength allows high energy jarring impact while the tool 
prevents spike loading from migrating up into the generic tool strings.  
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The HeavyHitter, when used on the upstroke only, provides variable tensible 
overpull due to its hydraulic metered detent system. The minimum axial drag at 
detent release provides high velocity of the hammer mass to the anvil.   
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For more information on CTBG, please visit Yahoo Finance - CTBG  
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